to rebuild or not to rebuild

[INOV8TN]

This is wrt my '94 Ranger 2.3 L SOHC mt 2wd

Fried the engine due to a bad water pump.

Replaced the pump and thermostat but it won't start.

Spark OK, timing OK, fuel OK, but compression is terrible: Dry compression: 60, 53, 30, 125.

I expect things won't improve much whe I do the wet compression test because this engine has 205,000 miles on it.

So I think I'll be either rebuilding it (machine shops doing the precision boring and me the reassembly or I'll be getting a Jasper or whatever engine.

The latter is interesting because there's a DOHC available.

What I don't kjnow is the price of the DOHC and whether it is a drop-in or a project.

Any help would be appreciated.

Thanks!

- Bill